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FX.co ★ AUD/NZD Buy Above 1,2510, August 25, 2011 (Weekly Strategy)

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Forex Analysis:::2011-08-25T14:15:01

AUD/NZD Buy Above 1,2510, August 25, 2011 (Weekly Strategy)

AUD/NZD Buy Above 1,2510, August 25, 2011 (Weekly Strategy)

AUD/NZD

The technical picture of the pair shows the possibility of ending the downward trend and the continuation of the new uptrend. In the weekly chart of the pair crossed the line downtrend, increase the chances of a positive outlook on the pair.

The continacion of this trend is expected to push up towards the previous peak levels around 1.3150. It is anticipated that the way the pair could run into the nearest resistance level of 1.2830, which can serve as a key point for the partial exercise of the buying.

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